Coach 2004 Annual Report Download - page 14

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Table of Contents
Coach’s gross profit may decrease if it becomes unable to obtain its products from, or sell its products in, other countries due
to adverse international events that are beyond its control.
  
 

  
  
  
 
 
  

  
 
  
  
 
  

Coach’s business is subject to foreign exchange risk.
 
 

 
  


 

  
  
 
  
  

If Coach loses key management or design personnel or is unable to attract and retain the talent required for its business, its
operating results could suffer.
  
 
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